On Thursday, Aug. 15, the Financial Accounting Standards Board (FASB) proposed delaying three key effective dates that would benefit private companies, nonprofit organizations and some small companies.
The move is an important shift in the FASB’s general view on effective dates and would impact effective dates for the lease accounting, hedge accounting and accounting for credit losses standards.
Learn how SEC filers, other public business entities and private companies will be affected. FASB requests comments on the proposal before Sept. 16.